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Siriani & Associates has been designing comprehensive freight savings plans (FSP) for various associations since 1982. As the innovators of the FSP, Siriani takes pride in providing associations and their members with unparalleled customer service.

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FedEx Corp. Reports Higher Fourth Quarter

June 16, 2010

FedEx Corp. today reported earnings of $1.33 per diluted share for the fourth quarter ended May 31.

Fourth Quarter Results

FedEx Corp. reported the following consolidated results for the fourth quarter:

  • Revenue of $9.43 billion, up 20% from $7.85 billion the previous year
  • Operating income of $696 million, up from an operating loss of $849 million last year
  • Operating margin of 7.4%, up from (10.8%) the previous year
  • Net income of $419 million, up from last year's net loss of $876 million

Earnings increased as a result of stronger shipment growth in international express and continued growth at FedEx Ground.

To read more, go to http://news.van.fedex.com/node/16789

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